Consumers are spending more on maintenance and other auto-related expenses as cost of ownership is underestimated by over $4,500.
Posts tagged as “car insurance”
Thirty-nine states saw auto insurance prices fall in 2025, but the most expensive places, including Washington, D.C., and New Jersey, saw more increases.
New research projects that the national average cost of car insurance could increase 7%. Here's how insurance costs could rise in states by the end of 2025.
Rising vehicle repair costs — linked to high-tech and electric vehicles — fueled rate hikes in 2024; Climate change plays role.
Rising repair costs, legislative activity and rate approvals are driving substantial car insurance premium increases.
Report identifies macro trends, business drivers, and technologies impacting consumer driving, vehicle ownership, automotive claims, and collision repair.
Drivers spend a total of $811 billion a year on auto loans and insurance combined; report breaks down the most expensive states and cities to own a car in the U.S.
